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20121224
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Search Results 0 to 27 of about 28 (some duplicates have been removed)
probably say where our senate majority leader harry reid and senator mcconnell, the republican leader in the senate, because now all eyes turn to the senate. they're set to come back to town on the 27th. that is thursday. and at this point there are a number of options for some sort of bill that senate majority leader harry reid could put on the floor, but right now it appears democrats in the white house are pushing for something that still concentrates on making sure that income tax rates for those making a quarter million dollars or less don't go up. that said, it's really hard to see how at that rate senator mcconnell might allow some republican senators to support it or that some republican senators would even want to jump on board with that and even harder to see how a bill like that is something that house speaker john boehner would allow to the floor -- allow to the house floor for a vote. so things are very uncertainty point and you're hearing a lot of pessimism as we just heard from democrats and republicans about what will happen with the fiscal cliff and whether we'll go o
? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of the senate at this point would require not jus
round with the president and senator mcconnell? he is at the table, senator reid, and others. guest: i am not sure that john boehner will be at the table. he said it is now up to the senate, i am going home. it is not taking my ball and going home, but it is doing as much as you can. he is literally looking to his republican colleagues in the senate to work with harry reid to get something acceptable. if he does, that will put significant pressure on house republicans that did not otherwise exist. i want to push back a little bit. since may, i thought that john boehner -- he made a speech back in december where he talked about $1 for spending cuts for every $1 increase in borrowing. red meat for the tea party wing. it was clearly an attempt to say, i am your guy. it is not clear to me at the moment that, one, anybody would want the job, and two, that there really will not be a challenge. it has to come together very quickly. they do not need somebody to beat boehner. all they have to do is withhold 18 republican votes in the house. he would get an absolute majority and would not be ele
. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, president obama here in hawaii for his christmas cray case. he played some golf over the weekend. also, attended the memorial service for the late senator daniel inouye. thomas, on a much lighter note, he asked me had i taken my flip flops out last hour. i hadn't but i did since my work is wrapping up for you guys, flip flops are out and i'm ready to join those folks on the beach behind me. >> i'm very proud of you. i don't want to jinx this by talking about when you might have to pack but is there potential that the president may wrap up the vacation a little bit earlier than expected because of, say, harry reid and mitch mcconnell are able to work something out? >> reporter: i think that that is very likely. you heard president obama sort of signal that he's going to do that when he spoke on friday. he talked about the fact he'll be seeing e
the focus shifts to the senate. senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president hi
pelosi, mrs. bush, leader reed, leader mcconnell, secretary of state hillary clinton and my colleagues in government, this is a special day to honor a special person in a special place. for many years, i have followed the tragedies and victories of this uncommonly courageous and persistent woman. in 1988, she quickly rose to be the voice of democracy in burma, creating the national league for democracy. elections followed in 1990, where her party won 80% of the seats. that joy quickly turned to tragedy. the military junta nullified the election and arrested aung san suu kyi. she would spend the better part of two decades under house arrest, unable even to visit her dying husband. in 1996, i recall being approached to sponsor a burma sanctions bill. sanctions were put in place in 1997 andsanctions were only loosened in july of this year. senator mcconnell later became one of aung san suu kyi's chief advocates in the senate and we continued to work on behalf of the people in burma. in 2003, following an assassination attempt, senator mcconnell and i worked to pass an important and that r
for 2012 for 92 billion, but it went nowhere after that. senate republican leader mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesperson says this morning quote, nothing new to report. we don't know yet what senator reid plans to bring to the senate for a vote. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years, and he gets to blame republicans for it. >> what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference, that would be a package of about 2.6 trillion dollars. you couple that with the 1.1 trillion that's already been done, that would be close to the 4 trillion dollars that's needed to stabilize the debt and begin to bring it down. peter: the president and the speaker say they will cut their vacation short to return to washington
taking under $250,000. that would cost $157. it also approved taxing $92 billion. mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becoming greece. i will not set aside the $1.2 trillion in cuts. >> i know it is hard for republicans. the president ran on a platform. 250. he won 60% of the voters. peter: we will see what senator reid puts on the floor on thursday. we will see if it is something that some of these republicans can vote for, ashley, and see if that can avoid the fiscal cliff. the president and speaker both that they will cut their vacations short and return to washington this week to keep trying to work something out. ashley: i am surprised you got anyone would you made those calls today, peter. time is r
,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know what senator reid plans to bring to the senate for a vote. >> truth of the matter is if we do fall off the cliff, he will come back, propose just what he proposed yesterday leaving washington, and will end up adopting at the washed up at the market in such turmoil and the lack of confidence, why don't we go ahead and act now. >> most numbers are used to spending the christmas to new year's at home, it is time to go back to the table. if anybody sees these representatives from the house in line shops are getting their christmas turkey wish them a merry christmas, civil and say go back to the table, not her own table, the table in washington. >> so there's a group of senate republicans who would vote for taxes on wealthier taxpayers now to get that done, avoid the cliff, move on and fight for spending cuts when the president asks to r
at this point is not in discussion with not only speaker john boehner but the senate minority leader, mitch mcconnell and perhaps because of that, you have some of that pessimism of senator liberman being shared by republicans. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes and sees a political victory at the bottom of the cliff. gets additional tax revenue, gets to cut the military which democrats have been calling for for years and blame republicans for it. >> now, all eyes are now on the senate, which will reconvene on thursday. seen as likely that president obama will head back to washington from hawaii here. senate minority leader harry reid has the task of trying to conjure up something that might be able to pass the house in addition to the senate publicly. the white house is saying they want tax rates to remain in effect for those making up to $250,000 per year, but it's unclear if that's something. very unclear, very unquestioned that house republicans could swallow that. we're hearing aing you significant possibility we go over
to senate leaders harry reid and mitch mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue, including the tax rate hike though i don't like them to get, to save the country from becoming greece. i'm not going to set aside the $1.2 trillion in cuts. >> if the president does return to washington this week, unclear whether he will come back here to hawaii for new year's with his family. joe lieberman says he expects the senate to be in session on new year's eve, working on a deal down to the wire. >> thank you, ed. markets dropped on shortened day of trading. dow fell 52. s&p 500 lost 3.5. nasdaq down 8.5. might be a blue christmas for retailers. shoppers came out in dro
and shouted and called them by name. now ryan, minor quest, mcconnell and boehner, obama on employees say on spur ling, from the top 1% to the medicare stall, now cashaway all. he yelled at the crowd with all of his might you better get this done, and i mean tonight, for if you continue to act like a mob you'll find yourself looking for a private sector job. they heard this and scrambled and announced a new deal. i heard him explain e,e he drove out of sight, merry christmas to all and to all a good night. >> oh my. that should go national. shift that right to washington. >> we're going to send them a christmas gift from us. but merry christmas to you guys. >> right back at you. >> nice to get some humor with all the fiscal cliff talks. >> let's hope they can figure it out in the next week. >> you can get more on melissa's segments on csf.com/morning. >>> time for a look at who's coming up a little later on this morning. >>> rebecca jar visit joins us live on christmas eve. good morning. >> good morning, frank and elizabeth. coming up ahead on our show on cbs this morning, the controversi
. senate majority leader harry reid, minority leader mitch mcconnell will have to work together. a lot of focus shifts to mcdonnell. he has to try to get something that will pass with republicans that they can get through the house and senate, but i think president obama certainly has a role to play. remember, he is the one who ran on the platform. >>> you heard him map out on friday. he would like a scaled-back version of the grand bargain, something to prevent taxes going up, and also lay the groundwork potentially for deficit reduction in the future. i think you will see president obama cut his vacation short, and continue to play a role in those negotiations. richard. >>> kristin, over the weekend, he attended the funeral for the late senator inouye, who he has called an inspiration to him. what did you see in that service? >> well, more than 20 members of congress attended, mostly democrats, majority leader harry reid spoke and praised senator inouye for his partisan spirit, reaching across the aisle. of course in an earlier memorial service, the president called the late senator
mcconnell say in 2010 our number one objective is to make him a one term president. how much is he responsible for that? how much is it everybody else in washington? >> i don't blame simply the president. i think there is plenty of blame to go around. i would say this. we need to stop blaming. you can't fix the problem while you are fixing the blame. i have trained leaders literally all around the world for the last the 30 years and one of the things i teach leadership is leaders accept the responsibility or accept the blame and give away the credit and i see a lot of politician doing the exact opposite. you spell blame b-lame. every time you blame you are being lame. i fish they would stop fixing blame and fix the problem. >> chris: newtown is going to color everything about the rest of this condition. we still look forward to christmas. do you have a message for all of us, myself, all of our viewers this year, sir? >> yeah, you know, chris, the purpose of christmas is actually found in the three statements that the angels made at the very first christmas. christmas is for celebra
's still waiting for john boehner and mitch mcconnell to become decent. of course he doesn't think that. but he knows that he's not mitt romney saying 47% of the country are people that i have nothing to do with and i don't care about. he knows that he's the president of the people of the united states which includes 47 percent ironically who voted for mitt romney. and so you know, you have to be able to say, well, why is the first african american man to run for the office of president not willing to say as he's running for president, "oh, and by the way i believe in gay marriage in 2008." i get it. it's easy to understand that. and if what that means is that i have to wait for the day that a president says, "i believe in same sex marriage," i'm willing to wait. and i waited and he said it. this man believes what we believe and i actually got a chance to say this to him. >> to obama? >> that, you know, lincoln at one point in the lincoln-douglas was disappointed when douglas made a particularly racist speech. he said, "stephen knows better than this. he's blown the moral lights out." a
. senate majority leader harry reid, minority leader mitch mcconnell will try to hammer out a deal and by all accounts, it will be a smaller deal, thomas. >> nbc's kristen welker traveling with the president in hawaii. kristen, thanks so much. joining us to talk about the chances of reaching a deal, democratic congressman from minnesota, keith ellison. sir, it's good to have you here, and do you think, as you hear what kristen is reporting there, that it's -- that it's still optimism that this could get done by the end of the year, but slim. do you think that it could get done, and is it going to get gone because of the onus now being on the senate? >> i think that we will have a deal. of course, no one can guarantee that. the real question is will boehner put a deal on the floor that enough of us democrats can vote for? that's the real question. the fact is he can't even get enough republicans to vote for that tea party wish list he put on the floor last week. so what he needs to do is come to the other direction to pick up enough votes to get a deal. now, that's going to take som
only a senator mitch mcconnell of kentucky, the republican leader, will assure them it will not be filibustered -- investors anticipate a turbulent week in the market of congress and the white house continued the standout. i also note that mr. mcconnell's own reelection bid is coming in 2014. the borrower review of the nothing to shift the anger of some self assessment of the speaker does nothing to pass it does go to the floor. the bill is not moving along, says bob corker from tennessee. here is what the republican from idaho had to say about the fiscal cliff negotiation. [video clip] >> if we get down to the end of the year and the only choice we have is to save taxes going up on the middle-class, i would support that. but i wish we had a comprehensive bill that dealt with spending, entitlement, and taxes altogether. that is really what we ought to do. host: that was senator johnny isaacson from georgia, excuse me, not from idaho. we will go back to the question here for all of you. we will continue to give you news from the newspapers. but how does religion and l
will have to workout a compromise between harry reid, mitch mcconnell the democratic and republican leaders, and the president who is here in hawaii when you talk to his staff they say it's very likely some time after spending christmas with his family, whether it's the middle or later part of this week he's likely to head back to washington to sit down with congressional leaders and try to work this out. >> reporter: it's a bit encouraging for a lot of folks who were wondering about that question. i'm curious is there anyone on the island that is critical to the fiscal talks that joined the president on this trip or is everything being done electronically? >> reporter: most electronic leave. the one interesting point is when i mentioned the memorial service for senator inouye the person giving the oo eulogy was harry reid. they may have got even a chance for a little private time. the president and john boehner have not had any phone contact since friday. their staffs are still communicating but still really very little progress, jaime. >> reporter: thank you so much,ed appreciate the repo
, mitch mcconnell have made it clear, you want $1 trillion of more debt ceiling, because that's what the president is running, $1 trillion more debts, you have to cut it at the same time. they won it a year ago. they'll win it in the future. this is a long fight. it's four years of a fight. it's not one week of a fight. to your earlier question, does the president want to take us over the cliff? i think now he does. the reason is he needs an excuse for the next four years of failure. blaming it on bush doesn't work very much. the regulations and spending he's put on the economy for the next four years is going to put us in recession regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point,"
is with mitch mcconnell because this will have to, if we're going to get a deal done originate in the senate. really the roadblock, absolutely democrats will have to compromise on spending cuts 100% but republicans where we have a standstill on this idealogical difference do we raise taxes at all so yeah. gregg: let me ask tony about that since he is the republican. speaker boehner, tony, couldn't even bring his plan up for a vote. i mean it was pretty embarrassing. has he lost control of his own party and failed in his job as leader in the house? >> well, look, speaker boehner has a very hard task and he has already tried ernestly you say a lot of things about him but can't say he hasn't tried to bring two ideas in the forefront. one that works within the bowles-simpson, bipartisan debt commission's framework of tax revenue being part of it but the majority of reform coming from spending cuts. he had the plan b which i think fairly raises threshold. gregg: that was easy for republicans to pass and he couldn't even get votes to put it on the floor. >> without a doubt, gregg, that was a failu
boehner and mitch mcconnell and harry reid need to come back and make sure their membership -- boehner couldn't deliver the other day -- make sure the membership, and by the way, boehner may have to go with democrats plus a minority of republicans to get the job done. gregg: yeah. >> this is about the welfare of this country, not about the welfare of a political party. gregg: all right. brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done his job in leading especially in the fiscal cliff, he wouldn't be in hawaii now, he'd be in washington making sure that we had a deal -- gregg: has boehner done his job? >> boehner has done a great job in trying to lead republicans to a solution. gregg: seriously? >> abs
. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate republicans who are willing to compromise in order to avoid the fiscal cliff. including kay bailey hutchison of texas and johnny isakson of georgia. >> time is running out. and the truth of the matter is, if we do fall off the cliff after the president's maturitied, he'll come back, propose just what he proposed yesterday in leaving washington and we'll end up adopting it. why should we put the markets mn such turmoil and the people in misunderstanding or lack of confidence? why don't we go ahead and act now? >> the president is insisting tacks go up for the wealthy, but he's now scaled back his expectations for the rest of the year focusing only on a middle class tax cut and extended unemployment benefits. he said he still thinks some kind of deal can be reached, but that optimism is not shared by everyone. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, it's the first time that i feel it's more likely that we will go over the cliff than not
to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible
we go over, 30% chance we don't. i think a lot of it depends on mitch mcconnell, the senate minority leader, if he decides to allow a bill to move forward on the floor. >> is there anything going on behind the scenes that we don't know about? >> there is. the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how they get that done. >> my worry is we're not talking about early january, we're talking about late january. >> i think it's probably more mid january if we go over. because i think you'll see market reaction, and you'll see a lot of people freak out, and it's a problem. >> market reaction, would you think -- >> people still think it's, you know, we get a deal. last-minu
Search Results 0 to 27 of about 28 (some duplicates have been removed)